Horace Mann Reinsures $2.9 Billion Legacy Annuity Block with RGA and Describes NTA Acquisition Financing
Horace Mann Educators Corporation (HMN)
Last horace mann educators corporation earnings: 2/5 04:15 pm
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Source: Business Wire
Reinsurance transaction reduces ongoing interest rate risk and releases approximately $200 million of capitalReplaces existing revolving line of credit with new $225 million credit facilityOn track to close NTA transaction in early July, pending final regulatory approvalFull-year 2019 core EPS* guidance unchanged, anticipates at least 10% growth in 2020 core EPSExpects approximately 8% increase in book value excluding unrealized investment gains on securities* as a result of reinsurance transactionManagement to host conference call at 5 p.m. ET today SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today announced that a subsidiary of Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life reinsurer, has reinsured a $2.9 billion block of Horace Mann’s annuity business effective April 1, 2019. The legacy block has a minimum guaranteed crediting rate of 4.5%. In addition, Horace Mann announced that it has entered into a new five-ye
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News
- Investors in Horace Mann Educators (NYSE:HMN) have seen returns of 29% over the past year [Yahoo! Finance]Yahoo! Finance
- Horace Mann now available to New Jersey teachers [Yahoo! Finance]Yahoo! Finance
- Horace Mann now available to New Jersey teachersBusiness Wire
- Horace Mann declares quarterly dividendBusiness Wire
- Horace Mann Giving Thanks to Educators With ‘Our Gratitude, Your Gift' Campaign [Yahoo! Finance]Yahoo! Finance
HMN
Earnings
- 11/4/24 - In-Line
HMN
Analyst Actions
- 11/12/24 - Keefe, Bruyette & Woods
HMN
Sec Filings
- 12/4/24 - Form 4
- 12/2/24 - Form 144
- 11/20/24 - Form 8-K
- HMN's page on the SEC website